Celestia $TIA Respond to Market Pressures with Token Buyback and New Staking Policy
The Celestia Foundation announced a strategic buyback of TIA tokens at approximately $1.44 each, with the aim of redistributing the supply under a new vesting schedule that takes effect on August 16.
This move comes after increasing criticism regarding aggressive staking reward sales by Polychain, which reportedly liquidated over $240 million in TIA, even with its initial investment still locked.
The action raised questions about fairness in the distribution of rewards among network participants.
In response, the upcoming “Lotus” upgrade on Celestia's mainnet will bring a reformulation of the staking model: rewards will now have a lock-up proportional to the vesting status of the linked tokens.
The change aims to prevent early investors from quickly monetizing their gains, protecting liquidity and balancing the ecosystem.
